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Applied Materials Announces New Head of Energy and Environmental Solutions and Display Business Groups
(Thomson Reuters ONE Via Acquire Media NewsEdge)
SANTA CLARA, Calif., November 28, 2012 - Applied Materials, Inc. (Nasdaq: AMAT)
announced today plans to combine two business units - Energy and Environmental
Solutions (EES) and Display - under one leader. Effective November 29, Ali
Salehpour will join Applied as group vice president and general manager of the
EES and Display groups.
"Trends in mobility and clean energy provide an outstanding platform for Applied
Materials to extend our leadership in precision materials engineering, to grow
the company and to create value for our stockholders," said Mike Splinter,
chairman and CEO of Applied Materials. "We are optimizing our worldwide
organization to more effectively and efficiently address the dynamic markets in
which we operate. By bringing together these two business units, we believe we
can better support our customers' roadmaps and advance our technology for large-
area applications."
Salehpour brings more than 25 years of industry experience, most recently as a
senior vice president at KLA-Tencor Corporation. "Ali has earned a track record
of delivering customer satisfaction, growing market share and building high-
performance teams," said Gary Dickerson, president of Applied Materials. "Ali's
strategic and operational skills will enable him to provide strong leadership
and drive growth and profitability across this new organization."
Mark Pinto, executive vice president and general manager of EES, and Tom Edman,
group vice president and general manager of Display, have each announced their
intention to leave Applied Materials after assisting in a smooth leadership
transition. "Mark and Tom have made many valuable contributions to Applied
Materials and have been great colleagues. We thank them for their leadership and
wish them the best," added Splinter.
Safe Harbor Statement
This release contains forward-looking statements, including those regarding
Applied's growth opportunities, and operational efficiencies. These statements
are subject to known and unknown risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by such statements,
including but not limited to: uncertain global economic conditions, challenging
industry conditions, government renewable energy policies and incentives, and
customers' requirements; Applied's ability to (i) develop and deliver a broad
range of products and expand its markets, (ii) achieve the intended objectives
of cost-reduction activities, and (iii) attract, motivate and retain key
employees; and other risks described in our most recent current and periodic SEC
reports. All forward-looking statements are based on management's estimates,
projections and assumptions as of the date hereof, and Applied undertakes no
obligation to update any forward-looking statements.
About Applied Materials
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing
innovative equipment, services and software to enable the manufacture of
advanced semiconductor, flat panel display and solar photovoltaic products. Our
technologies help make innovations like smartphones, flat screen TVs and solar
panels more affordable and accessible to consumers and businesses around the
world. Learn more at www.appliedmaterials.com.
# # #
Contact:
Matt Ceniceros (editorial/media) 408.768.8169
Michael Sullivan (financial community) 408.986.7977
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Applied Materials via Thomson Reuters ONE
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